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updated —AVAX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+24.57%
3d Period Avg+44.88%
swing±55.49%
LONG Lighter · now
−32.43%
3d avg:−42.95%
SHORT Pionex · nowAVAX_USDT_PERP
−7.86%
3d avg:+1.93%
Entry Spread Now
−1.359%
Against youL ask 8.0879 · S bid 7.9780−$135.88 at entry
24h range −0.57%…+0.40% · median +0.03%
Long pays every1hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$9.71
+0.10%
$Avg Daily PnL
+$12.38
+0.1238%
★Best Day
+$17.06
Nov 11
◎Open Interest
Lighter$2.88M
Pionex$813.1K⚡Funding APR
+45.18%
annualized · funding only
⚠Execution Cost
−$27.43
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
Lighter$693.9KPionex$2.00MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$27.43 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.